Gaining an edge – Human + machine

By Andrea Leccese

July 6th, 2021

By A Paris – Alternative data and data science techniques can help give hedge funds a competitive edge but, it is the symbiotic integration of human and machine which ultimately underpins managers’ success or failure in their use of these techniques.

“We believe we understand these manager datasets better than anybody else and because of this we’re able to come up with factors and signals that nobody else would be able to identify; or rather it would considerably difficult for them to do so,” asserts Michael Perlow, co-founder of Epsilon Asset Management.

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Andrea Leccese

Andrea is President and Portfolio Manager at Bluesky Capital. Prior to founding Bluesky Capital, Andrea worked as a Quant at Sauma Capital, a quantitative hedge fund in New York, and as a management consultant at Ernst & Young. Andrea holds an M.S. in Financial Engineering from Columbia University, and an M.S. in Industrial Engineering from the University of Rome "La Sapienza".

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This article is intended for academic and educational purposes and is not an investment recommendation. The information that we provide or that is derived from our website should not be a substitute for advice from an investment professional. The hypothetical models discussed in this paper do not reflect the investment performance of any actual product or strategy in existence during the periods tested and there is no guarantee that if such product or strategy existed it would have displayed similar performance characteristics. A decision to invest in any product or strategy should not be based on the information or conclusions contained herein. This is neither an offer to sell nor a solicitation for an offer to buy interests in securities.

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